Bitcoin’s price action has been incredibly lackluster throughout the past few days and weeks
Bulls and bears have both reached an impasse, which comes despite there being a flurry of both bullish and bearish news
Throughout the past few weeks, bulls have been able to dodge any sustained declines resulting from news surrounding the CFTC’s charges against the BitMEX co-founders as well as a $150m KuCoin hack
Bullish developments surrounding companies like Square buying BTC has helped negate the impacts of these bearish events
Another potentially impactful event that is now unfolding is the arrest of OKEx’s founder
The exchange has now frozen withdraws, leaving 200,000 Bitcoin in limbo
Bitcoi ... Read more »

Category: News | Views: 87 | Added by: danyagames2007 | Date: 16.10.2020 | Comments (0)

Developers don't want to move too fast.

The Bitcoin Improvement Proposals 340 through 342 were merged into the Bitcoin codebase on Thursday, signaling that the anticipated Taproot upgrade is ready.

Taproot and the associated technology of Schnorr signatures are considered to be the most important upgrade for Bitcoin in the past year. It is primarily a privacy improvement for complex spending conditions on Bitcoin like multisig transactions, time locks and other conditions based on Bitcoin Script.

As Cointelegraph reported previously, Taproot hides every additional spending condition beyond the one that was activated. For example, a transaction might be executed immediately if all four multisig signers agree, or it co ... Read more »

Category: News | Views: 71 | Added by: danyagames2007 | Date: 16.10.2020 | Comments (0)

Major exchange OKEx suddenly suspended crypto withdrawals while one its key custodians cooperates with an investigation, shaking the crypto markets

Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” concerning ongoing “investigations.”

The exchange noted that it has been “out of touch” with the key-holder, preventing the "associated authorization" from being completed. OKEx plans to resume digital asset withdrawals “immediately” once the key-holder “is able to authorize the transaction.”

Citing its terms of se ... Read more »

Category: News | Views: 98 | Added by: danyagames2007 | Date: 16.10.2020 | Comments (0)

The price of Bitcoin dropped 3% in just 30 minutes after the major cryptocurrency exchange OKEx suspended withdrawals.

OKEx, one of the world’s biggest cryptocurrency exchanges, announced a temporary suspension of withdrawals on Oct. 16. Upon the news, the price of Bitcoin (BTC) abruptly plunged 3% in 30 minutes across major exchanges.

The nervousness in the market comes from the reason behind the withdrawal suspension and the potential implications it carries. 

... Read more »

Category: News | Views: 74 | Added by: danyagames2007 | Date: 16.10.2020 | Comments (0)

The largest cryptocurrency will “massively outperform gold” before that, says the Real Vision founder.

Bitcoin (BTC) hitting $1 million by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed.

In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years.

Pal: Bitcoin in line for “enormous” capital inflows

“I think that’s about right, whether it’s five years, six years,” he said when asked about the $1 million target.

“We’re goin ... Read more »

Category: News | Views: 73 | Added by: danyagames2007 | Date: 16.10.2020 | Comments (0)

Someone is pouring Bitcoin to OKEx despite the exchange having suspended withdrawals.

Large Bitcoin (BTC) transactions from Huobi cryptocurrency exchange are moving to OKEx despite the latter having temporarily suspended crypto withdrawals.

According to data from crypto tracking service Whale Alert, a total of 1,995 BTC ($22.5 million) was sent from Huobi to OKEx shortly after OKEx officially announced it was suspending withdrawals on Oct. 16.

The funds were transferred in two separate BTC transactions worth 998 BTC ($11.3 million) and 997 BTC ($11.3 million) at 3:51 a.m. EST and 06:22 a.m. EST, respectively.

The transfers raise some questions as 1,995 BTC is now locked on the platform due to the platform tempo ... Read more »

Category: News | Views: 65 | Added by: danyagames2007 | Date: 16.10.2020 | Comments (0)